v2.4.0.6
OTHER ASSETS
12 Months Ended
Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Noncurrent Assets Disclosure [Text Block]

9. OTHER ASSETS

Other assets included the following amounts at December 31, 2013 and 2012:
 
 
 
 
2013
 
2012
  
 
(Dollars in thousands)
Cash surrender value of life insurance
 
 
13,440
 
 
 
12,745
 
Intangible assets (See Note 8)
 
 
2,926
 
 
 
3,199
 
Investment in real estate
 
 
3,112
 
 
 
 
Other
 
 
1,977
 
 
 
2,847
 
Total other assets
 
$
21,455
 
 
$
18,791
 
The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $15.2 million in aggregate as of December 31, 2013.
On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which was classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments — Equity Method and Joint Ventures (“ASC 323”).